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6431 N 77th Place Scottsdale, AZ 85250

3 Beds 2 Baths 1,256 sqft Built 1979

$415,000

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $330.41
  • 3 Days on Market
  • MLS # : 6167839
  • Updated Date : 12/04/2020 at 14:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,256 sqft
  • Baths : 2 full
Listing Agent

Realty Executives

Listing Agent's Description

3 Bedroom, 2 bath single level now available in Arroyo Verde Homes. Great floor plan - vaulted exposed wood ceilings, wrap around private patio, feels bigger than 1,256'. Community pool & spa. Close to everything: the Scottsdale Greenbelt walking & bike path connects to the Crosscut Canal. Flemings, AJs, Trader Joes, Talking Stick Casino, Golf Course & Salt River Fields spring training ballpark (Rockies & D-Backs) are all a 5+/- minute drive. Old Town, Fashion Square, & Scottsdale Stadium (SF Giants) are just a few minutes further. The low HOA fee includes front yard maintenance, community pool & spa.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Colony at Scottsdale

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $118k465k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Colony at Scottsdale

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9782993

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Kiva Elementary School Primary Regular 463 29 10
Mohave Middle School Middle Regular 816 48 7
Saguaro High School High Regular 1,316 63 7

Kiva Elementary School

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 29
10
GreatSchools Rating

Mohave Middle School

  • Education Level: Middle
  • # of students: 816
  • # of teachers: 48
7
GreatSchools Rating

Saguaro High School

  • Education Level: High
  • # of students: 1,316
  • # of teachers: 63
7
GreatSchools Rating
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,531
Property Tax -$194
Property Insurance -$52
HOA -$215
Property Management Fees -$99
CASH FLOW
-$391

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$415,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,531

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,700

    LIST RENT
  • $1.35

    LIST RENT PER SQFT
  • $1,799

    COMP ESTIMATED VALUE
  • $1.43

    COMP AVG. RENT PER SQFT
Comps Range
$1,575
1$1,5752$1,6003$1,7004$2,0005$2,100
$2,100
RENT COMPS ANALYSIS
  • 6431 N 77th Place Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,256 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,256 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.35
    •  
  • 7811 E Rovey Avenue Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,266 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,266 Sqft ∙ Built 1980
    LEASED 09/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.24
    •  
  • 6018 N 79th Street Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,233 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,233 Sqft ∙ Built 1980
    LEASED 10/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.30
    •  
  • 8235 E Rose Lane Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1970
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.48
    •  
  • 7575 E Indian Bend Road #1007 Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 1994
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.71
    •  
PROPERTY LISTING DETAILS
Richard Baxter
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167839
Last Updated: 12/04/2020
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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